Masood & Masood (Corporate and Legal Consultants) is a top notch consultancy firm in Pakistan, providing business solutions with both technical and Legal Support. The Firm has extensive knowhow of the best practices in Pakistan Business Environment. We are frequently called upon to express our opinion on Legal , Compliance and Marketting Matters by various companies/individuals. Many Lawyers/Attorneys/Consultants and Solicitors bring disgrace to the profession by charging huge amounts for basic questions of Law. To discourage such practice, we are introducing this section to answer the most basic questions. Please feel free to ask.
In Pakistan two tax regimes are working in income tax and tax liability is the sum of the two. a) Normal Tax Regime (NTR) calculated on the basis of net profit adjusted for tax deductibles and tax non-deductibles. b) Final Tax Regime (FTR) previously known as presumptive tax regime (PTR) which is lesser than normal […]
Federal Excise duty formerly known as Central Excised Duty is Levied by the government of Pakistan as Federal Tax on the following: Goods produced or manufactured in Pakistan Goods imported into Pakistan Such goods as the Federal Government may, by notification in the official Gazette, specify, as are produced or manufactured in the non-tariff areas […]
Law for the Landlord Landlord must ensure that lease of an immovable property is executed in writing. Lease of immovable property for a period of less than a year does not require compulsory registration. However, lease of immovable property for a period of more than a year must be registered. If the tenant refuses to […]